Why is Crypto Up or Down?

Crypto is up (+3.4%) β€” Top: INJ +28.6%

Crypto markets traded higher on average (+3.4%) as sentiment improved on reports that Deutsche Bank is set to roll out bitcoin and ether custody in the coming weeks, reinforcing the narrative of incremental institutional adoption and reducing perceived friction for traditional investors. The move helped offset lingering macro headwinds flagged in recent recaps around hot inflation data and rate expectations, keeping the day’s tone constructive rather than risk-off. Within that backdrop, outsized gains in higher-beta names like Injective and NEAR suggest traders were willing to rotate into more volatile altcoins once the custody headlines supported broader confidence.

63 moves Β· 20 sources Β· Last 24h Β· 49 up / 14 down

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